Closing Price: $3,350,000
This property was a 40 unit grade apartment, built in the 1990’s, that Michelle maltase sold to the owner 7 years previously.
Opportunities and Challenges:
The seller wanted to exchange out of the property for top market value, but they were planning to exchange into two properties out of state, which added to the time needed to close on the deal.
M Maltase Real Estate found an out of state buyer that was willing to acquire the property. She negotiated terms that gave the seller extra time to acquire the out of state apartments as well as security to have a longer closing period.
Do you have a complex buying or selling situation? Michelle would love to assist you. Click here to contact her now!